We’re not quite sure who first came up with the question as to whether China will grow old before it gets rich, but it’s not a new one.
China does look likely to age more rapidly than many counterparts. According to the United Nations Department of Economic and Social Affairs Population Division, the share of its population aged 15-64 years old peaked in 2012 at 73 per cent (it is hovering now at around 70 per cent) but is set to plunge below half in the next fifty years — taking it lower than equivalent shares for the US, Europe and even Japan.
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